Blockchain startup Symbiont files for bankruptcy

Clients included Citi, State Street and Vanguard

Symbiont logo on phone
Photo: Piotr Swat/Alamy Stock Photo

A software company that provides blockchain services to some of the biggest names in finance has filed for Chapter 11 bankruptcy protection, amid a period of retrenchment for distributed ledger technology initiatives in finance.

Symbiont.io is a rare blockchain vendor that seemed to have earned the confidence of big banks and assets managers, with clients including Citi, State Street and Vanguard.

A Symbiont spokesperson confirmed the bankruptcy: “Given current market conditions, we have

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